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SC upholds GST exemption for electricity regulators, dismisses govt’s plea

In a significant win for regulatory bodies, the Supreme Court has upheld the Delhi High Court’s decision, exempting the fees collected by the CERC and DERC from GST. This ruling dismisses demands for an 18% tax on regulatory fees, affirming…

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Relief for MNCs: Karnataka HC quashes GST demand over expat salaries, cites CBIC circular

The Karnataka High Court has quashed an IGST demand on Alstom Transport India, ruling that salaries paid to seconded foreign employees are not taxable manpower supply services under GST. The court emphasised the employer-employee relationship and cited a CBIC circular…

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Explained: Why Rule 31B is triggering fresh GST heat on online gaming firms

Brought in 2023 on the recommendation of the GST Council, Rule 31B of the CGST Rules states that in the case of online gaming, the “value of supply” shall be the amount paid or deposited with the gaming service provider.…

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India’s Infosys narrows revenue forecast as profits beat expectations

Indian IT giant Infosys on Wednesday increased the lower end of its annual growth forecast for the current fiscal year after reporting better-than-expected results for the June quarter. The Bengaluru-headquartered firm also reported a 8.6 on-year increase in net profit…

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India’s economy holding up despite global uncertainties, central bank bulletin says

INDIA-CENBANK/BULLETIN (PIX)India’s economy holding up despite global uncertainties, central bank bulletin says

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India emerges as a global mobile manufacturing powerhouse, says CDS study

This transformation, starting in 2017, is attributed to sustained government support, and strategic integration into global value chains (GVCs) with a sharp policy pivot towards exports with the launch of the Production Linked Incentive (PLI) Scheme in 2020, according to…

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News

  • ITR 2025: What is long-term capital gains tax? Exemption limit, rate of tax and other details

    The current rate of long-term capital gains tax, which came into force on July 23, 2024, is 12.5 per cent on all financial and non-financial assets. The exemption can be claimed by reinvesting the gains up to ₹50 lakh in bonds under section 54EC.

  • How you can rebuild your credit score after defaults and missed card payments

    With consistent repayments and responsible credit use, it’s possible to improve a low credit score and build financial trust for future goals like homeownership.

  • 30s, EMIs, and a heart attack? Why your health insurance needs to grow up with you

    Heart attacks are now a concern for younger Indians, driven by unhealthy lifestyles and stress. Insufficient health insurance complicates recovery, emphasizing the need for better coverage.

  • What is the Start-up India Seed Fund Scheme that offers upto ₹50 lakh to founders? Details here

    Under the start-up seed fund scheme, one can be awarded up to ₹20 Lakhs as a grant for validation of proof of concept, prototype development, or product trials, whereas a higher amount can be granted for commercialisation of product or scaling up

  • Current agri loans over ₹28 lakh crore, but no waiver plan: Govt

    There is no proposal to waive off the outstanding agricultural loans under consideration with Union Government.

  • How ultra HNIs can future-proof overseas education for their children

    For UHNI families with diverse portfolios, family offices or international holdings, funding their child’s education can be a complex process.

  • Does a negative bank account balance affect your credit score? Here’s the truth

    A negative bank balance doesn't directly affect your credit score, but missed EMIs, failed auto debits, or account closures from overdrafts can indirectly impact your overall credit profile.

  • No credit score? 5 personal loan alternatives you can still qualify for

    Check out five personal loan alternatives available even without a credit score, including secured and flexible options like LIC loans, FD-backed cards, and overdrafts to start your credit journey.

  • PhonePe rolls out two co-branded credit cards with SBI Card

    The two new credit cards are PhonePe SBI Card Purple and PhonePe SBI Card Select Black. This marks the second such partnership by PhonePe after its earlier tie-up with HDFC Bank.

  • International payments made easy for Indians as Paypal integrates with UPI - How will it work?

    PayPal World is set to launch in late 2025 and will begin with offering interoperability between PayPal and Venmo. PayPal World will also include UPI as part of its initial launch.

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